KOBLENZ (dpa-AFX) - Automotive supplier Stabilus grew in the second quarter, mainly thanks to the acquisition of US industrial services provider Destaco. Revenue climbed 7.8 percent year-on-year to 338 million euros, the company announced on Monday. However, sales declined by five percent on an organic basis. Earnings before interest and taxes (EBIT), adjusted for special items, fell by a good three percent to €37.7 million. The Stabilus management confirmed its targets for the current 2024/25 fiscal year ending in September. The company expects to see catch-up effects in the second half of the fiscal year.
"The US tariffs currently being introduced only affect us to a limited extent, as we pursue a customer-oriented production approach 'in the region – for the region'," said CEO Michael Büchsner. Nevertheless, the company is monitoring the global effects on supply chains and consumer behavior. This makes it more difficult to estimate customer order numbers. However, the company has already taken the volatility in customer markets into account with its wider forecast range.
The bottom line for the quarter was a profit of €11.2 million, compared with €18.1 million in the previous year./mne/mis
